Globalstar, Inc. has announced a new agreement with Yippy, Inc. to leverage the Yippy EASE 360 platform and proprietary data compression, optimization and security software. Building on an initial agreement from June 2015, starting early next year Globalstar's subscribers will have access to Yippy's industry leading software platform to provide a broadband-like data experience to the Company's existing and prospective subscribers. The service will be available for both first and second generation services.

Globalstar's subscribers will be able to access services that materially enhance the subscriber experience for data transfer, including web content. Yippy will also have the ability to resell Globalstar services in industries such as Oil & Gas, Defense/Military, Aviation and Maritime - all prospective customers who need to maintain efficient, secure and often critical business communications from beyond cellular with a terrestrial-like data experience and will have access to such a platform beginning in early 2016. Further, under the terms of the new agreement, Globalstar was granted 19.99% of Yippy's outstanding equity securities and has become the second largest shareholder of Yippy, ahead of now the third largest holder, IBM.